Capital One rare gainer among battered financials

GregMorcroft

NEW YORK (MarketWatch) - Financial stocks fell across several industries on Wednesday morning as volatility remained high in the market and some of the nation's largest banks led decliners. Citigroup
C, -0.18%
shares fell about 4%, while Bank of America Corp.
BAC, +0.61%
and J.P. Morgan Chase & Co.
JPM, +0.43%
fell 4.4% and 3.2% respectively. Capital One Financial
COF, -0.18%
was a rare gainer in the financial sector, adding about 2% after in said it is buying HSBC's U.S. credit card operations. In the broader sector, the Financial Select Sector SPDR ETF
XLF, +0.21%
shed 3.7%.

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